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La Grange Multifamily Property Sold For $4.8M With Buyer's Rep Anish Sheth & Seller's Rep Adam Butusov & William Butusov
SOLD
$4,800,000
Illinois
See Similar DealsMultiFamily60,000 SF
Sold
SOLD
La Grange Multifamily Property Sold For $4.8M With Buyer's Rep Anish Sheth & Seller's Rep Adam Butusov & William Butusov
27 North Brainard Avenue
See Similar DealsMultiFamily60,000 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$80
Total Square Footage:60000 SF
Transaction Type:Sale
La Grange's 27-31 North Brainard Avenue, a multifamily property, was sold for $4.8 million at $160 per square foot. The property spans 30,000 square feet and is located in the La Grange market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 27-31 North Brainard Avenue
- Market: La Grange
Anish Sheth from Third Coast Realty represented the buyer in this transaction, while Adam Butusov and William Butusov from Charles Rutenberg Realty represented the seller.
NOTE: Anish Sheth and Third Coast Realty served as the buyer's representative, while Adam Butusov and William Butusov from Charles Rutenberg Realty represented the seller in the sale of La Grange's 27-31 North Brainard Avenue multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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